CEMEX Announces New Management in CLH and CEMEX Colombia

MONTERREY, Mexico--(EON: Enhanced Online News)--CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that its
subsidiary CEMEX Latam Holdings, S.A. ("CLH") (BVC:CLH) has made senior
level position organizational changes at CLH and CEMEX Colombia that
will enhance the level of leadership, administration, and corporate
governance practices.

“I have the highest confidence in our new senior management members of
CLH, Ricardo Naya and Francisco Aguilera. Both of them have the proven
experience, talent and dedication to perform their respective roles.
Ricardo is the right person to lead our operations in Colombia”

The Board of Directors of CLH, taking into consideration a favorable
report from its Nominating and Compensation Committee, resolved to split
the roles of Chairman of the Board of Directors of CLH, Chief Executive
Officer of CLH and Director of CEMEX Colombia. Additionally, a new
Chairman of the Board of Directors of CLH, Director of CEMEX Colombia,
and Director of Planning of CLH were appointed.

As a result, effective immediately, the following organizational changes
are taking place:

Juan Pablo San Agustin has been appointed Chairman of the Board of
Directors of CLH. He will also remain as Executive Vice President of
Strategic Planning and New Business Development of CEMEX. He is a
member of CEMEX’s Executive Committee.

Jaime Muguiro Domínguez has been confirmed as Chief Executive Officer
of CLH. He will also remain as President of CEMEX South, Central
America and the Caribbean and is also a member of CEMEX’s Executive
Committee.

Ricardo Naya Barba has been appointed Director of CEMEX Colombia.

Francisco Aguilera Mendoza has been appointed Director of Planning of
CLH, and will be appointed Director of Planning of CEMEX Colombia in
the upcoming days.

All of the executives named above have significant international
operating management experience and on average have close to 20 years
each of working experience in CEMEX.

“I have the highest confidence in our new senior management members of
CLH, Ricardo Naya and Francisco Aguilera. Both of them have the proven
experience, talent and dedication to perform their respective roles.
Ricardo is the right person to lead our operations in Colombia,” said
Jaime Muguiro, CEO of CLH. “I am very optimistic about the outlook for
our business.”

CEMEX is a global building materials company that provides high quality
products and reliable service to customers and communities in more than
50 countries. Celebrating its 110th anniversary, CEMEX has a rich
history of improving the well-being of those it serves through
innovative building solutions, efficiency advancements, and efforts to
promote a sustainable future. For more information on CEMEX, please
visit www.cemex.com

CEMEX assumes no obligation to update or correct the information
contained in this press release.